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Matsuya Foods profit holds steady YOY in fiscal Q4

Matsuya Foods Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥16.07 per share, compared with ¥16.07 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥306.3 million, compared with ¥306.3 million in the year-earlier period.

The normalized profit margin declined to 1.5% from 1.6% in the year-earlier period.

Total revenue rose year over year to ¥20.59 billion from ¥19.66 billion, and total operating expenses increased from the prior-year period to ¥20.12 billion from ¥19.19 billion.

Reported net income came to ¥76.0 million, or ¥3.99 per share, compared to a loss of ¥164.0 million, or a loss of ¥8.61 per share, in the year-earlier period.

For the year, the company's normalized net income totaled ¥71.89 per share, a decrease of 6.8% from ¥77.14 per share in the prior year.

Normalized net income was ¥1.37 billion, a decline of 6.8% from ¥1.47 billion in the prior year.

Full-year total revenue grew from the prior-year period to ¥81.10 billion from ¥78.94 billion, and total operating expenses increased year over year to ¥78.96 billion from ¥76.59 billion.

The company said reported net income fell 6.5% on an annual basis to ¥645.0 million, or ¥33.85 per share, in the full year, from ¥690.0 million, or ¥36.21 per share.

As of June 25, US$1 was equivalent to ¥123.71.